Physician Lenders Available in Pennsylvania  

KEYBANK MORTGAGE

• Fixed- and variable-rate options available

• Loan amounts up to $3.5 million

  • Up to 100%* loan-to-value (LTV) to $750,000
  • Up to 95%* loan-to-value (LTV) to $1 million
  • Up to 90%* loan-to-value (LTV) to $1.5 million

• No Private Mortgage Insurance (PMI) required

• Personalized service

• Loan options available for purchase, as well as rate/term and cash-out refinances

• Eligible property types include owner-occupied primary residences and second homes

• Available for 1-unit single-family homes, condos or planned unit developments

* Geographic restrictions may apply. Ask us for details.

Fifth Third Bank

NEW Physician Loan Program- Graduating Med Student/ Resident/ Fellow/ Attending Physician for less than 1 year (Self-employed is allowed if 2+ years)

  • 0% down payment up to $750,000

  • 5% down payment required up to $1MM

  • 700+ credit score required for 0% Down Payment up to $500,000, 720 needed if up to $750,000 (if 680-699, 5% down payment is required)

ESTABLISHED Physician Program- Attending 1+ years/ Self Employed 2+ years AND Dentists

  • 0% down payment up to $750,000

  • 5% down payment required if greater than $750K up to $1MM

  • 15% down payment required if greater than $1MM up to $1.5MM

  • No limit of years after training

  • Refinance Loans available

  • 720 Credit score required

  • DENTISTS are eligible

DOCTOR and DENTIST PROGRAM FEATURES:

  • MD, DO, DPM, DDS or designations only

  • Fixed Rate (30, 20, 15 year terms) and Adjustable Rate (10, 7, 5 year terms) available

  • No Private Mortgage Insurance required

  • Allowed Property types: 1-unit, Single Family, PUD, Freddie/Fannie approved condos. Must occupy as Primary Residence

  • Construction END LOANS are available

  • Non-Permanent Resident Alien with a H1 Work VISA are acceptable (must demonstrate continued employment per guidelines)

  • Program allows physician to have a CURRENT doctor loan

  • There is no time limit on the amount of years after Residency/Fellowship

*Please complete the form to connect with the lender of choice. 

BBVA

The program is available for practicing physicians with a 700+ FICO score who are purchasing a single family detached home.

  • 100% loan to $650K with no mortgage insurance (FICO 720)

  • 95% loan to $1.0M with no mortgage insurance (FICO 700)

  • 95% loan to $1.25M with no mortgage insurance (FICO 720)

  • 90% loan to $1.25M with no mortgage insurance (FICO 700)

  • 90% loan to $1.5M with no mortgage insurance (FICO 720)

  • 85% loan to $1.5M with no mortgage insurance. (FICO 700)

  • 80% loan to $1.75M with no mortgage insurance. (FICO 700)

  • 30, 20 and 15 year fixed loans as well as a 5 and 7 year ARM.

  • Can be used for Refinance / Cash out to 85%

  • MD, DO, DDS, DMD (other designations maybe acceptable)

  • Approved Condominiums are acceptable

  • One-Time Close Construction/Renovation loans/Lot Loan

    **20 Point FICO Exceptions Available if qualified**

*Please complete the form to connect with the lender of choice. 

TD Bank's

Loan Amounts:

  • 100% Financing to $750,000 Loan Amount
  • 95% Financing to $1,250,000 Loan Amount1

Amortization Type:

  • 30 Year Fixed Rate
  • 5/1, 7/1, 10/1, Adjustable Rate

Transaction Type:

  • Purchase (Primary Residence Only)
  • Refinance (Primary Residence Only)

Private Mortgage Insurance (PMI):

  • Not Required

Eligible Borrowers:

  • MD, DO, DPM, DMD, DDS, Medical Fellows, 3rd year Medical Residents
  • For practicing Doctors must be 10 years out of residency or less

Property Types:

  • Single Family Residences
  • Attached/Detached Condominiums
  • Attached/Detached PUDs

Future Contacts

  • Future employment contracts are acceptable if employment begins within 60 days of loan closing (90 days by exception only)

Reserve Requirements:

  • 6 Months – (Can be gift)2

State Offered:

CT, DE, DC, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VA, VT
 

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